Commonwealth Consolidated Acts Commonwealth Consolidated ActsNegotiations
(1) A gas market code may include rules about negotiations relating to supplying or acquiring a gas commodity.
Expressions of interest
(2) A gas market code may include rules about expressions of interest relating to supplying or acquiring a gas commodity, including:
(a) rules requiring a gas market participant to issue, or not to issue, an expression of interest in specified circumstances; or
(b) rules about any of the following matters:
(i) matters to which regard is had before issuing an expression of interest;
(ii) the manner in which an expression of interest is issued (for example, in writing);
(iii) information that is included in an expression of interest or made available in connection with an expression of interest (including the manner in which the information is made available);
(iv) the content of an expression of interest;
(v) the period during which an expression of interest is open;
(vi) responding to an expression of interest;
(vii) dealing with a response to an expression of interest, including by providing information, making an offer or entering into an agreement;
(viii) withdrawing an expression of interest.
(3) A gas market code may include rules about offers relating to supplying or acquiring a gas commodity, including:
(a) rules requiring a gas market participant to make, or not to make, an offer in specified circumstances; or
(b) rules about any of the following matters:
(i) matters to which regard is had before making an offer;
(ii) the manner in which an offer is made (for example, in writing);
(iii) information that is included in an offer, or made available in connection with an offer (including the manner in which the information is made available);
(iv) the content of an offer;
(v) the period during which an offer is open;
(vi) responding to an offer;
(vii) dealing with a response to an offer, including by providing information;
(viii) withdrawing an offer.